Home Sales Rise Higher

Home sales rose higher to a seasonally adjusted annual rate of 4.68 million units in November, according to the National Association of Realtors. The rise, however, accounts for a 27.9% decline from the market’s peak during the federal tax credit. The rise in sales represents a positive trend for the housing market, and includes the… Continue reading Home Sales Rise Higher

Mortgage Rates Soar Higher

Mortgage rates soared to 4.83% on a 30-year fixed rate mortgage to the highest level in more than eight months, according to Freddie Mac. The increase accounted for the largest rise in conventional mortgages since hitting their record all-time low and put the brakes on home buying. Rates rose from 4.61% with an average of… Continue reading Mortgage Rates Soar Higher

Pent Up Real Estate Demand Waits

By Kevin Chiu Pent up demand among consumers waiting on the sidelines to buy a home is something that real estate analysts aren’t counting on much these days as consumer confidence over the U.S. economy wanes. The housing sector of the real estate market was artificially sent to new heights by a concoction of mixtures… Continue reading Pent Up Real Estate Demand Waits

Vacation Resort Markets Turn Around

Economic slowdowns even hit the wealthy and for the rich or the over-extended this real estate crash is serving a serious blow to vacation resort markets like those in Florida, Colorado, Hawaii and California. The second home market saw the largest run-up in prices in U.S. history and the fallout is devastating markets, many of… Continue reading Vacation Resort Markets Turn Around